Huntsman Corp. Reveals 22% Drop In Q3 Earnings

(RTTNews) - Huntsman Corp. (HUN) reported a profit for third quarter that dropped compared to the same period last year.

The company said its earnings came in at $115 million, or $0.47 per share. This was down from $147 million, or $0.60 per share, in last year's third quarter.

Analysts had expected the company to earn $0.41 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 8.3% to $2.64 billion. This was down from $2.88 billion last year.

Huntsman Corp. earnings at a glance:

-Earnings (Q3): $115 Mln. vs. $147 Mln. last year. -Earnings Decline (Y-o-Y): -21.8% -EPS (Q3): $0.47 vs. $0.60 last year. -EPS Decline (Y-o-Y): -21.7% -Analysts Estimate: $0.41 -Revenue (Q3): $2.64 Bln vs. $2.88 Bln last year. -Revenue Change (Y-o-Y): -8.3%